This multi-asset technical recap highlights key setups across commodities, stocks, and forex. Brent crude tests major resistance, NVIDIA approaches $160, USD/SGD attempts a breakout, and AUD/NZD consolidates within a rising triangle pattern.
Multi-Asset Technical Recap: Brent Crude Oil Analysis
Brent crude has been trading inside a long-term descending channel, respecting both upper and lower trendlines for over a year. After a sharp bounce from the channel bottom (~60 USD), price tested the upper trendline near 76.82 USD, where it faced rejection. Currently, the price is hovering around 69.12 USD, just below the key horizontal resistance of 70.74 USD.
- A successful break and daily close above 70.74 may open the door for another retest of 76.82.
- On the downside, failure to hold this area may result in a return toward the dotted support trendline (~66.00).
Multi-Asset Technical Recap: NVIDIA (NVDA) Stock Analysis
NVIDIA’s price continues its strong bullish trend, breaking above previous resistances at 130.02 USD and 149.07 USD. The price is now around 158.24 USD, very close to psychological resistance at 160 USD.
- Sustained strength above 160 may signal continuation toward uncharted territory (price discovery).
- A potential pullback to the 149.07 zone is possible for retest before further upside.
USD/SGD (4H) Analysis
USD/SGD is attempting a breakout from a descending trendline that has been respected since early May. Price is consolidating just above the 1.2750 zone, with a clean resistance break needed for further upside momentum.
- A confirmed breakout above 1.2800 may lead to a mid-term move toward 1.3000.
- Bearish rejection here could drag the pair back to 1.2700–1.2720 support range.
AUD/NZD Analysis
AUD/NZD has formed a rising triangle pattern, with resistance in the 1.0940–1.0960 region. The support is reinforced by an ascending trendline, while 1.07284 holds as key mid-level support.
- A bullish breakout above 1.0960 could set the stage for a move toward 1.11432.
- Failure to break the resistance could push price back to the rising trendline or even 1.07284.
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